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Buzz of the Week
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The President

Occupy Wall Street:  As the Occupy movement spreads to more cities across the U.S., news is slowly surfacing of the contemptuous and depraved behavior exhibited by many of its participants.   The major media outlets can only protect this movement for so long before police arrest records and private videos make their way to the internet The Occupy movement, which may well have started as an organic movement born of valid frustration with the disparity of wealth and the shrinking of the middle class.  Skepticism about the movement’s authenticity began to arise when it was discovered that heavy funding for the group is supplied by George Soros-backed organizations, like the Tides Foundation, and that paid protestors are being supplied by Big Labor groups and ACORN.  

 If the movement was at all genuine about its concerns, the protests would be concentrated at the White House, the Federal Reserve Building, Fannie Mae and Freddie Mac, Capitol Hill, and the homes of Bill Clinton and Barney Frank, not Wall Street.  It was the corrupt, half-wits in Washington DC who paved the way for the Wall Street investment firms to profit inordinately from the housing bubble  

 
Obama’s Student Loan Handout:  In an effort to appease the Occupy mob, President Obama announced a plan to ostensibly make repayment of federal student loans easier.  Without Congressional approval, Obama signed an executive order that in effect, does very little to ease the middle class burden of education debt.  Over the past 25 years, college tuitions have risen 440%, more than triple the rate at which healthcare costs have risen.  While one industry receives a hefty amount of attention from the Demagogues in Congress and the White House, the other, education, is rapidly becoming an albatross for the middle class.  Add to these calamities the housing crisis, and we can trace the origins back to the Federal Government and the “easy money” Ron Paul has warned against for over a quarter century.  Traditional market forces have long been absent from the student-college relationship.  The ability to easily find taxpayer money to pay tuition, however astronomical the bill may be, has significantly altered the price of higher education by creating an artificially inflated demand.  The same can be said for the housing market prior to 2007 and the healthcare market after heavy government intrusion, beginning in the 1960s.  
 

As the price of higher education skyrockets unlike anything we’ve seen in recent history, the product students are buying has diminished in quality to a level so low, many experts are now advocating forgoing college since many bachelors degrees do little to prepare students for the business world. 

 

Herman Cain:  It is as predictable as the Sun rising in the East.  When a Black Conservative rises to a level where he can affect national politics, the Leftist Media draws back a collective bow, and shoots the arrow directly at the plantation refugee. 


The way major media outlets circled the wagons for their favorite son, Bill Clinton, one would believe that a sexual harassment accusation is a critical success factor for a president.  After all, Bill Clinton took sexual advantage of a young, naive intern and lied about it while  under oath.  This, in addition to the numerous credible sexual harassment allegations levied against him while Governor of Arkansas.  In the late 1990s, about the same time as Cain’s harassment was alleged, the very same media outlets were quick to lecture Republicans on staying out of the President’s private sex life.  Imagine that, the media outlets that are now vilifying a presidential candidate for not responding to allegations when they surfaced in the Politico, in the manner they would have liked, vigorously defended a married, sitting president after he actually had sex with a subordinate intern, and then defiantly lied about it to the entire nation. 

 


Fast and Furious:   In Fast and Furious, Bureau of Alcohol, Tobacco, Firearms and Explosives agents in Phoenix were instructed to trail illegally purchased firearms so agents could build a case against Mexican drug cartels, a tactic known as “gun-walking.” Two of the 1,400 guns agents lost track of later turned up at the scene of the December 2010 murder of U.S. Border Patrol Agent Brian Terry.  A number of guns have been recovered at crime scenes in Mexico, as well.
The Department of Justice has been implicated in the operation and amid calls for his resignation; Attorney General Eric Holder has finally agreed to testify before the House Judiciary Committee on December 8.
The botched operation appears to have been originated within the Phoenix field office of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) without proper supervision from ATF headquarters.  Now there is talk of a Texas-style Fast and Furious heating up as lawmakers are poring through recently released Justice Department documents. 

 

Solyndra:   In what could possibly become the symbol of Executive Branch corruption, the Solyndra scandal continues to evolve into a much deeper and more widespread connection to the White House than the major media outlets and their Democrat allies had hoped.  Why a failing but crony-filled solar company received over $500 million in taxpayer backed loans just months prior to filing for chapter 11 bankruptcy is at the heart of a Congressional investigation which now appears to be issuing subpoenas to the White House. 


The House Energy and Commerce Committee approved the resolution 14-9 after Democrats tried to delay the vote during a contentious debate.
Democrats argued the resolution was too broad and gave the committee chairman too much power.  But Republicans said a subpoena was necessary because the White House has denied or delayed requests for thousands of documents related to Solyndra.


Reports have recently surfaced that the CEO and founder of Solyndra received a severance payout of $456,000 just prior to the company’s bankruptcy filing.  In addition to the CEO severance, many top executives at the Freemont, California company, already receiving salaries in the $300,000 range, received hefty bonuses just prior to the company’s demise.

In the wake of the Solyndra debacle, other Energy Department loans are coming under fire for improper vetting of the loan recipients.  These “Green Energy” company failures will likely continue to surface as long as the renewable energy companies require taxpayer money to stay afloat.

 


Freddie Mac Loses $4.4B:  Soon after it’s executives received their multi-million dollar bonuses, Freddie Mac announced that the taxpayer-backed mortgage giant lost $4.4 billion in the third quarter, and is asking the taxpayers for an additional $6 billion on top of the more than #100 billion in taxpayer bailouts the company has already received.